Description

The subject property is a vacant former grocery store. Built in 1966, the subject property comprises 23,200 square feet of gross leasable area; the subject lies within a larger neighborhood shopping center (the balance of the center is under separate ownership and is not a part of the subject property). The land associated with the subject building totals 73,102 square feet, yielding a 31.7% site coverage ratio. Parking, for the center as a whole, totals 191 stalls or a ratio of 3.66 spaces per 1,000 square feet. The subject is within a well-located s hopping center at a heavily trafficked intersection right off the San Diego Freeway (Interstate 405).The C-1 zoning designation is intended to provide a broad range of commercial uses, including retail and office (including medical/dental).

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Description

The subject property is a vacant former grocery store. Built in 1966, the subject property comprises 23,200 square feet of gross leasable area; the subject lies within a larger neighborhood shopping center (the balance of the center is under separate ownership and is not a part of the subject property). The land associated with the subject building totals 73,102 square feet, yielding a 31.7% site coverage ratio. Parking, for the center as a whole, totals 191 stalls or a ratio of 3.66 spaces per 1,000 square feet. The subject is within a well-located s hopping center at a heavily trafficked intersection right off the San Diego Freeway (Interstate 405).The C-1 zoning designation is intended to provide a broad range of commercial uses, including retail and office (including medical/dental).

Listing History

Date

Days Ago

Event

New Price

Nov 20, 2018

93 days ago

Price Reduced
:
$-39,555,000 (-90%)

$4,395,000

Nov 20, 2018

93 days ago

New on market

$43,950,000

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T08:29:07.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.

www.sonyathebroker.com/homes/89556197

5952
Westminster Boulevard
Westminster,
CA
92683

Price: $4,395,000

Status: Pending

Updated: 51 min ago

ID#: OC18277415

0

Beds

0

Baths

0

½ Baths

1.7

Acres

23,200

SQFT

$189

$/SQFT

1966

Built

Neighborhood:

60 - Westminster South of Westminster, W of Beach

County:

Orange

Area:

60 - Westminster South of Westminster, W of Beach

Property Description

The subject property is a vacant former grocery store. Built in 1966, the subject property comprises 23,200 square feet of gross leasable area; the subject lies within a larger neighborhood shopping center (the balance of the center is under separate ownership and is not a part of the subject property). The land associated with the subject building totals 73,102 square feet, yielding a 31.7% site coverage ratio. Parking, for the center as a whole, totals 191 stalls or a ratio of 3.66 spaces per 1,000 square feet. The subject is within a well-located s hopping center at a heavily trafficked intersection right off the San Diego Freeway (Interstate 405).The C-1 zoning designation is intended to provide a broad range of commercial uses, including retail and office (including medical/dental).

Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T08:29:07.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T08:29:07.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.